abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Short Interest Update

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 86,000 shares, a decline of 15.1% from the September 15th total of 101,300 shares. Based on an average trading volume of 78,300 shares, the days-to-cover ratio is currently 1.1 days.

abrdn Global Income Fund Stock Performance

Shares of abrdn Global Income Fund stock traded down $0.01 during trading hours on Wednesday, reaching $6.08. The company’s stock had a trading volume of 26,995 shares, compared to its average volume of 75,688. abrdn Global Income Fund has a one year low of $4.73 and a one year high of $6.63.

abrdn Global Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, October 24th. This represents a $0.84 dividend on an annualized basis and a yield of 13.82%.

Institutional Investors Weigh In On abrdn Global Income Fund

A hedge fund recently bought a new stake in abrdn Global Income Fund stock. Centaurus Financial Inc. bought a new stake in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,904 shares of the company’s stock, valued at approximately $75,000. Centaurus Financial Inc. owned 0.10% of abrdn Global Income Fund at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.79% of the company’s stock.

abrdn Global Income Fund Company Profile

Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.